Thailand Lifts Tax on Foreign Actors to Promote Film Industry

Credit photo by Got Credit

According to Thai law, Employees in Thailand are subject to a withholding tax, which varies by occupation and nationality: 5% for Thai performers and 10% for foreign performers. The tax is based on the place the work is performed, not where the performer is paid.

Revenues from international film productions had been increasing in Thailand since the introduction of a 15-20% cash rebate in 2017, generating an average of almost $100m (3.5bn baht) a year. Last year, however, revenues plummeted to $11.3m (nearly 400m baht) as a result of the Covid-19 pandemic. Click here to read more